Jake’s Reviews > Make your Kid a Money Genius (Even if You're Not): A Parents' Guide for Kids 3 to 23 > Status Update

My thought, introduce budgeting increasingly over time, when young, weekly or just talk to them, college month lump sum and that’s it

Don’t pay for your kid’s grades

Always pay an independent mechanic to inspect a new car purchase

No credit cards until junior year of college, you don’t need to start building up your credit when you start college

Don’t pay for the car for your kids, college expenses should be first, you could match but don’t co-sign a loan

Take your kid to purchase big ticket items and explain how you pay for it

Show kids what it costs when something is put on credit and invites interest

Good to give kids cash, better to learn
And teach them about net worth

Don’t give your kid your credit card number, ever (certainly when they are younger)

Your kid should never give out personal information online, ever